The Future Dollar Cost of Meeting This Obligation Using the Forward

question 4

Multiple Choice

The future dollar cost of meeting this obligation using the forward hedge is:

• A)$6,450,000
• B)$6,545,400
• C)$6,653,833
• D)$6,880,734

---

Definitions:

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to identify any discrepancies.

Depositor's Records

Documentation maintained by an individual or entity that tracks deposits made in a bank account.

Bank Statement

A monthly or periodic summary provided by a bank detailing all transactions in an account, including deposits, withdrawals, fees, and interest earned.

Receiving Report

A document prepared by the recipient of a delivery, detailing the goods received, their condition, and whether they match the quantities and specifications ordered.